Play the US Air-American Saga With JetBlue

JetBlue will gain from either outcome of the US Airways-American merger.

We are upgrading JetBlue Airways to Market Perform from Underperform as sentiment on the stock is likely to be positively impacted by either outcome of The U.S. Department of Justice's lawsuit opposing the US Airways Group-American merger.

If, as we believe, a settlement allowing the merger were to take place, it is likely that JetBlue...